Crown Castle completes $8.4 billion fiber and small cell business sale
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Crown Castle Announces Closing of Sale of Fiber and Small Cell Businesses and Updates Full Year 2026 Outlook
May 1, 2026 9:19 AM EDTHOUSTON, May 01, 2026 (GLOBE NEWSWIRE) -- Crown Castle Inc. (NYSE: CCI) ("Crown Castle") today announced the successful close of the transaction to sell its Fiber Solutions business to Zayo Group Holdings Inc. ("Zayo") and its Small Cell business to Arium Networks, an EQT Active Core Infrastructure fund ("EQT") company for $8.5 billion, or approximately $8.4 billion net of preliminary adjustments under the stock purchase agreement. Consistent with prior disclosures, Crown Castle expects to use a portion of the sale proceeds to repurchase $1.0 billion of shares under its stock repurchase program approved by its Board of... More
